##Binance #Ethereum #🚀 Bitcoin Market Analysis🚀
Weekly & Daily Trends
📉 Weekly Downtrend: BTC is still in a downward trend on the weekly timeframe. Be careful with selling pressure which is still strong in this time frame.
📈 Daily Uptrend: However, in the daily timeframe, BTC shows a strong uptrend. There is potential for short-term recovery!
Important Levels
🔍 Support: At around $64,000, this level is an area where buyers tend to enter. If the price drops here, this could be an interesting buying opportunity!
🔍 Resistance: At around $72,083, this level is a crucial zone that BTC needs to break to continue its rise. Watch the price reaction here!
Price Patterns
🔺 Symmetrical Triangle: BTC is consolidating in a triangle pattern. The breakout of this pattern will determine the next direction!
📉 A-B-C-D Pattern: This correction pattern indicates a potential trend reversal at point D. Prepare yourself for a possible big move!
Price Movement Scenarios
📈 Bullish Scenario: If BTC manages to break through the $72,083 resistance on strong volume, we could see the price head towards $74,000 or higher! 🚀
📉 Bearish Scenario: If BTC fails to break resistance and falls below $64,000 support, we may see a further decline to $62,000 or lower. 🛑
Recommendation
Short Term Traders: Prepare for a breakout of the triangle pattern. Entry after confirmation of breakout with volume!
Long Term Investors: Watch the $64,000 support level as a potential buying area. Protect capital with a stop loss below critical support.
Always update information and monitor market developments! 📊💹
#bitcoin☀️ #Binance #Solana $BTC $ETH $SOL
